Which of the Following Statements Is (Are)true

question 22

Multiple Choice

Which of the following statements is (are) true?
I.In the calculation of the loss absorption power for a partner,a partner's loan balance (an amount that is owed by the partnership) should be added to the partner's capital balance.
II.In liquidation,a partner's loan balance (an amount that is owed by the partnership) should be paid to the partner as a creditor of the partnership after the outside creditors.

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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Definitions:

Dizygotic Twins

Also known as fraternal twins, they develop from two separate eggs fertilized by two different sperm cells, resulting in genetically distinctive siblings.

Teratogens

Agents, such as chemicals, viruses, or radiation, that can cause congenital anomalies or developmental malformations in a fetus when exposed during pregnancy.

Down's Syndrome

A genetic disorder caused by the presence of an extra chromosome 21, characterized by physical growth delays and moderate to mild intellectual disability.

Infertility

The inability to conceive a child after a year or more of regular sexual intercourse without the use of birth control.